IMF Considering An Aid package Of $16 Billion For Ukraine

Bloomberg: IMF Weighs Ukraine Aid Package Worth Up to $16 Billion 

The International Monetary Fund is exploring a multiyear aid package for Ukraine worth as much as $16 billion to help cover the country’s needs and provide a catalyst for more international funding while Kyiv tries to repel Russian forces, according to people familiar with the matter. 

Whether the program is implemented hinges on a range of conditions, including endorsement from Group of Seven nations, and Ukraine’s donors and creditors ensuring the sustainability of the country’s debt, said the people. 

The plan would also require changes to IMF lending rules so the fund could lend to the war-torn country, and the government in Kyiv would need to commit to a series of policies, on top of successfully completing a four-month non-cash IMF program approved last year, according to the people, who asked not to be identified because they’re not authorized to discuss the issues publicly.  

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WNU Editor: I have already lost count on how much Ukraine will owe international creditors when this war is over.

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